MTN Rwanda appoints Ms Kagame CEO of Mobile Money Rwanda FinTech Subsidiary
MTN Rwandacell Plc has appointed Chantal Kagame as the first CEO of its freshly minted FinTech Subsidiary Mobile Money Rwanda Limited. This follows approvals from the National Bank of Rwanda. [...]
IM Finalizes Purchase of Uganda's Orient Bank
IM holdings has completed the purchase of 90% ownership in Orient Bank, a Uganda based commercial bank. In a public statement dated 30th April 2021, the regional lender said, IM [...]
CBK Accepts KSh 20.3 Billion At Weekly T-Bills Auction
The Central Bank of Kenya(CBK) collected KSh 20.3 Billion out of bids worth KSh 30 Billion submitted by investors at the Weekly Treasury Bills Auction. This represents an oversubscription of [...]StanChart Bank Plc to cut down its Global Branch Network, Staff
Stanchart Plc, based in the UK, has announced plans to downsize its global staff numbers to around 400 to cut long-term costs. This is after the British bank reported a [...]Dubai Islamic Bank Kenya joins PesaLink Network
Dubai Islamic Bank Kenya (DIB Kenya) has joined PesaLink, an interbank transfer digital payment solution, to strengthen its digital banking and provide more convenience. PesaLink, is a real-time 24-hour digital [...]Stanbic Investors to Receive KSh 1.5 Billion Dividend
Investors in Stanbic Holdings are set to receive a final dividend of KSh1.503 billion for the financial year 2020, equivalent to KSh3.80 for every ordinary share held. According to the [...]CBK Seeks KSh 30 Billion in Budget Support through T-Bonds Sale
The Central Bank of Kenya (CBK) has invited bids for re-opened 15-year Treasury Bonds and new 25- year Treasury Bonds, all worth a total of KSh 30 Billion. The purpose [...]TDB Group And ALSF Organize Inaugral Training For Public Sector Lawyers
The Eastern and Southern African Trade and Development Bank Group (TDB Group) and the African Legal Support Facility (ALSF) organized an inaugural training for public sector lawyers, following the signing [...]
Kenya's Central Bank spells Stiff jail terms, fines for Illegal Digital Moneylenders
The Central Bank of Kenya (Amendment) Bill 2021 seeks to regulate the digital money lending business and offer stiff penalties to rogue players in this space. This Bill has already [...]Kenya Forex Reserves Rise for 3rd Week to $7.73 Billion
The amount of foreign exchange reserves held by the Central Bank of Kenya rose for the third consecutive week to $7.73 billion as of 22nd April from $7.66 billion a [...]NSE Weekly Activity Dominated by Banks
The Nairobi Securities Exchange(NSE) saw the Banking Sector emerge top in turnover with Shares worth KSh 1.1 billion transacted, which accounted for 49.71% of the week’s traded value. Investors have [...]CBK Accepts KSh 13.4 Billion at Weekly Auction
The Central Bank of Kenya(CBK) accepted bids worth KSh 13.4 Billion at the Weekly Treasury Bills Auction. Investors submitted bids worth KSh 14.4 Billion, an undersubscription of 59.79%. The 182-day [...]
